Ethereum climbed over the $3,000 level on Tuesday, as bitcoin also rallied, with prices nearing $45,000.
/USD hit an intraday high of $3,029.72 during the session, which is almost 14% higher than yesterday’s low of $2,620.38.
Today’s move follows a breakout of the $2,882 resistance, which took place for the first time since February 18.A break also occurred with the 14-day RSI, as price strength raced past the 47.9 level, and is currently tracking at 54.81. This new-found momentum will likely have some bulls targeting the $3,200 area, which has acted as resistance in the past. However, there will likely be some turbulence between now and then.
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